DR Congo Economic Forecast

DR Congo Economic Outlook

January 23, 2018

The most recent Central Bank estimate for economic growth in 2017 was revised upwards in early January. GDP was estimated to have jumped 3.5% in 2017, higher than the previous estimate of 3.2% and above 2016’s multi-year low of 2.4%. The economic acceleration observed in 2017 largely reflects the upswing in commodity prices, particularly prices for cobalt and copper, since the second half of the year. The Bank, however, pressed the government to provide further impetus to economic activity and entrench the economy in a steadier growth path. This would open the door for the Bank to pursue a less contractionary monetary policy and rekindle investment and credit growth.

DR Congo Economic Growth

The Congolese economy is expected to grow at a faster pace in 2018 and 2019 on the back of a favorable outlook for commodity prices. The outlook, however, remains closely linked to political developments at home. FocusEconomics panelists forecast growth of 3.2% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, growth is seen reaching 3.6%.

DR Congo Economy Data

20122013201420152016
Population (million)74.777.079.381.784.1
GDP per capita (USD)392424453464446
GDP (USD bn)29.332.735.937.937.6
Economic Growth (GDP, annual variation in %)8.08.59.56.92.4
Fiscal Balance (% of GDP)1.84.01.3-0.1-0.8
Public Debt (% of GDP)23.219.116.818.821.5
Inflation Rate (CPI, annual variation in %)9.31.21.31.35.9
Exchange Rate (vs USD)929.0930.3911.0917.01,165
Policy Interest Rate (%)4.002.002.002.007.00
Exchange Rate (vs USD, aop)924.7922.1922.2918.3963.5
Current Account (% of GDP)-4.3-9.5-8.5-4.1-  
Current Account Balance (USD bn)-1.3-3.1-3.0-1.6-  
Trade Balance (USD billion)0.10.8-0.4-0.3-  
Exports (USD billion)8.711.612.310.3-  
Imports (USD billion)8.710.812.710.6-  
Exports (annual variation in %)-7.732.86.1-16.5-  
Imports (annual variation in %)-2.724.617.6-16.8-  
International Reserves (USD)1.61.71.61.2-  
External Debt (% of GDP)19.218.915.414.3-  

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DR Congo Facts

ValueChangeDate
Exchange Rate1,614-0.78 %Feb 19
Stock Market0.20.0 %Feb 19

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